01:37 PM EDT, 05/02/2024 (MT Newswires) -- Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) up 0.1%.

The Philadelphia Housing Index climbed 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) added 1.1%.

Bitcoin (BTC-USD) rose 1.5% to $59,137, and the yield for 10-year US Treasuries eased to 4.59%.

In economic news, nonfarm productivity rose 0.3% in Q1 after a 3.5% gain in Q4, data released by the Bureau of Labor Statistics showed. A Bloomberg survey expected a 0.5% gain. Unit labor costs jumped by 4.7% after a flat reading in Q4, above expectations for a 4% increase.

In corporate news, a Russian court canceled the seizure of some JPMorgan Chase ( JPM ) funds in the country in a lawsuit filed by Russian state lender VTB, Reuters reported, citing court documents. JPMorgan ( JPM ) shares fell 0.4%.